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Lower oil prices to check inflation in Kenya
The Kenyan government is hoping to control inflation rate with the support from lower oil prices. Lower oil prices are supporting the Kenya's economy as the growth rate is expected to be six percent in 2016 from 4.5 percent in 2015. Inflation rate breached the government's target band of 2.5 percent to 7.5 percent as it reached to eight percent.
YPF, American Energy Partners sign deals on shale gas
American Energy Partners and Argentina state-run energy company YPF have signed a partnership deal on developing the shale resources in the South American country. Argentina government is providing subsidies to attract investments in the energy sector and to enhance business climate in the country.
Amazon is venturing into freight shipping business
Amazon is planning to enter into ocean freight shipping industry as the company has been awarded with a clearance from the Federal Maritime Commission. The license will entitle Amazon to act as Ocean Transportation Intermediary.
European Car Sales Grew 9.2% in 2015, but Volkswagen Lost The Market
European car sales rose to 9.2% in 2015. Demand in December is recorded as the strongest one in the entire year. However, Volkswagen is excluded from the strong gain.